Arc Industries Inc of Franklin County Ohio

Analysis

Arc Industries Inc of Franklin County Ohio is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arc Industries Inc of Franklin County Ohio reported income of $25.7m and spending of $22.3m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $42.9m to $25.7m (-40%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc Industries Inc of Franklin County Ohio sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include New Hope of Indiana Inc ($25.6m), L U K Crisis Center Inc ($25.7m) and Pibly Residential Programs Inc ($25.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.0m (4.7% of expenses). Other salaries and wages came to $11.7m. At year end it held assets of $65.5m against liabilities of $6.4m, net assets of $59.1m. It reported 397 employees.